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20121202
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
a pretty dramatic shift since the election, and certainly i salute him for doing this, he actually is very engaged with the business community. and i'm not hearing the sort of things from top ceos and business leaders today that i heard the first four years. maybe -- maybe he's leaning in here and trying to rebuild a relationship with some of these people who supported him in '08. >> and i think it goes both ways. i think the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up, not ideological about how, but most of all, wanting a big $4 trillion package. and so they have become, in effect, allies of the president. they're really trying to get to the same place. at some point there may be differences over how much entitlements, how much this or that, but right now their interests are al
their positions, and to basically refuse to take yes for an answer. the republicans immediately after the election said, we are going to give on this revenue thing, we're going to have to raise revenues, the question is how are we going to do it? and the obama administration almost like a character from "seinfeld" said we are going to do this out of spite and said we are going to have to raise the rates rather than do this loophole closing thing and all of the rest. the problem with that is that presidents get very few do officer, one ever the few that they get is right after an election they can change the tone, they can sort of start over and instead of doing that and trying to figure out how to fulfill this promise that obama has always made about being bipartisan he's decided just to sort of do the same thing he did with the stimulus, which is to try to steam roll the republicans, to crush them, to placate his base, and it has the potential to create another four years of partisan whommer and tong fighting in washington. jon: i wanted to get your reaction to what the treasury secretary had to
for the introduction. last week at the right house, we had our first meeting since the election. it was a chance for me to banks -- thank my entire team for their service for keeping the country safe and strong. few have done more than you in that regard. that includes taking care of our remarkable men and women in uniform and their families. keeping our military the best in the world bar none. thank you for being such an outstanding secretary of defense. [applause] i am not here to give a big speech. i wanted to come by and join you in marking the 20th anniversary of one of the country's smartest and most successful national security programs. people in this room conceived it and build it. i want to a knowledge a leader who now helps guide the secretary of defense. thank you for your great work. [applause] you have to think about what real visionaries do. you look at the world and see what is missing. they set out to fill the gap. to build something new. to imagine after decades of confrontation how our nations might engage in cooperation. early in the cold war, einstein warned of the danger of our wi
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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